Calculate the resulting cash flow and state the nature of cash flow from the following information: Acquired machinery for ₹ 3,50,000 by issuing cheque. Option 1: Investing activity and outflow ₹ 3,50,000 Option 2: Investing activity and inflow ₹ 3,50,000 Option 3: Investing activity and no flow Option 4: Operating activity and outflow ₹ 3,50,000

The answer is 'Investing activity and outflow ₹ 3,50,000'. View full solution:

CUET Accountancy - Calculate the resulting cash flow and state the nature of cash flow from the following information: Acquired machinery for ₹ 3,50,000 by issuing cheque. | PYQs + Solutions

CUET Accountancy

Financial Statements

Easy

Investing activity and outflow ₹ 3,50,000

Investing activity and inflow ₹ 3,50,000

Investing activity and no flow

Operating activity and outflow ₹ 3,50,000

✅ Correct Option: 1